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Of course, Gujarat is vibrant

The Vibrant Gujarat Global Investors’ Meet is the brainchild of Narendra Modi. As Chief Minister, he conceived of this meet as a biennial event to project the positive aspects of Gujarat as an investment destination. From 2003 the VGGIS has seen seven editions and each, much bigger, more vibrant and more productive than the previous one. IE produced a special issue on Gujarat and Chief Minister Modi released the same in VGGIS 2007.

    The VGGIS evoked admiration of over 40 business leaders, the who’s who of Indian business from Ratan Tata to Mukesh Ambani to Kumar Birla to Goutam Adani to Sasi Ruia, to Sunil Mittal, chairmen of banks, financial institutions, etc. The number of foreign delegations expanded with each. In fact, the state was so industry-friendly that business leaders openly expressed their confidence on Modi as the most capable prime ministerial material. They did this years ahead of others including the BJP!

The 2015 VGGIS Meet over-shadowed even the glittering previous ones: over 6000 delegates attended with around 2500 from abroad UN Secretary General, Ban Ki Moon, World Bank President, Jim Yong Kim,  US Secretary of State John Kerry, Prime Minister of Bhutan Tshering Tobgay vied with one another in expressing their admiration for India and Modi. India and its vibrant future.

In a brief speech Reliance’s Mukesh Ambani mentioned investment of a whopping Rs 150,000 crore to be made in Gujarat in the next 12-18 months.  With K M Birla and Gautam Adani announcing fresh investments of over Rs 20,000 crore each, one was hearing of  sizes of investments not heard in other parts of India. The 45-minute speech of Modi was evocative, touching on national and international issues of concern. He pointed to a vibrant change taking place in the government. “Ease of doing business in India is a prime concern for you and for us. I assure you that we are working very seriously on this issue. We want to make them not only easier than earlier; not only easier than the rest; but we want to make them the easiest," he said.

"We are trying to complete the circle of economic reforms speedily. We are also keen to see that our policies are predictable. We are clear that our tax regime should be stable. In the last few months, we have taken several decisions in this direction," he said.

He assured that these were not just commitments and announcements but backed up by concrete action.

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